Compass Youth Collaborative Inc

Analysis

Compass Youth Collaborative Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Compass Youth Collaborative Inc reported income of $4.7m and spending of $3.4m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $4.7m (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Compass Youth Collaborative Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include James E West Foundation ($4.7m), Boy Scouts of America ($4.7m) and Girl Scouts of South Carolina- Mountain to Midlands Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $297k (8.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.3m against liabilities of $333k, net assets of $4.0m. It reported 32 employees.